Concerns over safety mean that vans should be excluded from the Government’s new consultation on extending the first MoT to four years. So believes FleetCheck, one of the UK’s leading fleet software and management companies, which is planning to make an official submission to the Department for Transport The Government has asked for industry feedback … [Read more...]
Finance
Medium term rentals expected to rise in 2017
A growing mood of caution among businesses is likely to lead to a boost in demand for medium term rental during 2017. Phil Jerome, managing director, at Meridian Vehicle Solutions, said that the possibility of an economic downturn would make more flexible arrangements increasingly attractive. He said, “The effects of Brexit are so difficult to forecast … [Read more...]
Shining a light on new golden oldies
Automotive data expert, cap hpi, has produced a shortlist of the new models that will show strong residual value performance. The company provides residual value forecasts for new vehicles up to five years in the future. Its Gold Book team looked at new models launching in 2017 and picked the ‘ones to watch’ for fleet and private buyers. Andrew … [Read more...]
New Honda Civic promises stronger residual value
Honda UK announced residual values and a full pricing list for the 10th generation Civic coming in late March. Starting from £18,235 on the road for the entry level S grade 129PS VTEC TURBO in manual, the range tops out at £27,480 on the road for the 182PS VTEC TURBO Prestige with a CVT transmission. Metallic paint is an option and adds £525 to the … [Read more...]
Tradelines 18 January
About 56% of respondents to a recent LeasePlan survey agreed that financial jargon has left them feeling more confused than before they started the conversation. Nearly 40% said they had dropped the purchase or product as a result of not understanding the abbreviations. An Autoglass survey of 250 British fleet managers found worries about the cost of … [Read more...]
Car market is thermometer of UK economy
It has been a year of ups and downs for the economy. The first half of 2016 was dominated by uncertainty in the lead up to the EU Referendum, which caused many businesses to halt investing and hiring until the result of the vote was known. Once the result for Brexit was confirmed, this understandably shook the economy and caused several industries to … [Read more...]
‘Grey sales’ are bringing colour to UK market
New car registrations are booming but there are doubts over who is actually making sales. The SMMT said yesterday that 2,685,724 new cars were registered last year, a 2.3% increase on the year beforehand and fifth year of growth. But the registrations in Wales, the only part of the country to see a fall, dipped 1.4% to 91,940. That could be … [Read more...]
Isuzu pull in some seasonal offers
Isuzu has special offers on D-Max Yukon and Utah models. D-Max Yukon comes well equipped with 17” alloys, leather steering wheel with audio controls, cruise control and chrome trim to the grille and rear bumper. Utah takes this a step further, with boasts automatic climate control, leather upholstery, and heated front seats which come in handy on cold … [Read more...]
Analysts expect 2017 car sales to fall
The UK new car market will fall by around 3.5% next year to around 2.6 million cars, predicts Glass’s. However, while the figure looks disappointing in isolation, the vehicle data provider points out that this will still be higher than any year in the last decade except 2016. Rupert Pontin, director of valuations, said: “We have become used to the new … [Read more...]
Fifth of motorists pay more than car’s worth
A fifth of UK motorists have paid more for a vehicle than its true value, says HPI. It found paying over the odds for a car was highest amongst 18-24 year olds (30%) and nearly a fifth (17%) admitted rushing the purchase of their first car, as they were eager to get on the road and start driving. Three quarters (74%) of drivers also confirmed they … [Read more...]
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